---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-22-004433"
form_type: "8-K"
ticker: "VSTM"
cik: "0001526119"
company_name: "Verastem, Inc."
filed_at: "2022-03-28T23:59:59+00:00"
generated_at: "2026-06-26T16:02:01.926524+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Verastem secures $150M Oxford credit facility, reports Q4 net loss $16.5M

## Summary
- Secured up to $150M non-dilutive credit facility from Oxford Finance; initial $25M drawn at close.
- Q4 2021 net loss $16.5M ($0.09/sh); full-year net loss $71.2M ($0.41/sh).
- Pro-forma cash $125.3M as of Dec 31, 2021; expected cash runway through 2025.
- RAMP 201 Part A results expected Q2 2022; RAMP 202 Part A results expected H2 2022.
- Director Tim Barberich retiring March 31, 2022; Michelle Robertson appointed to board.

## SEC filing metadata
- accession: 0001558370-22-004433
- form_type: 8-K
- ticker: VSTM
- cik: 0001526119
- company_name: Verastem, Inc.
- filed_at: 2022-03-28T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 2.02, 2.03, 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1526119/000155837022004433/0001558370-22-004433-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1526119/000155837022004433/vstm-20220323x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-22-004433
- JSON: https://secwatch.observer/filing/0001558370-22-004433.json
- Plain text: https://secwatch.observer/filing/0001558370-22-004433.txt

## Key facts
- Executive change
  Tim Barberich retired as Director at Verastem, Inc..
  - Action: retired
  - Role: Director
  source text: On March 23, 2022, Tim Barberich, retired from the Board of Directors (the “Board”) of the Company and from all committees of the Board.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1526119/000155837022004433/0001558370-22-004433-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.